This is what I've heard from other Loblaws employees. They also tell me that law prohibits a company from lowering salaries if the company is turning over a profit, so Loblaws will be converting all Loblaws stores into Super Stores, No Frills and "Loblaw" (dropping the "s" creates a new chain of grocery stores) for the sole purpose of lowering employee salaries and benefits significantly, while the top management pull in unprecedented profits, all at the expense of their employees.